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Home News latest news Virginia Fortune 500 companies fall in rankings

Virginia Fortune 500 companies fall in rankings

Published June 4, 2014 by Veronica Garabelli

Sixteen of Virginia’s 22 companies on the Fortune 500 fell in rank from last year.

Four companies rose on list, and two were unchanged.

New to the Fortune 500 this year was Hilton Worldwide Holdings, based in McLean, which went public in December. The company is involved in the ownership, leasing, management, development, and franchising of hotels, resorts and timeshare properties.

Another new name on the list is Leidos Holdings Inc., based in Reston, a successor to former Fortune 500 company SAIC Inc. Leidos was formed last year when SAIC, a major government and defense contractor, was divided into two parts —  Leidos and a smaller company also called SAIC.

Dropping off the list this year was McLean-based Exelis Inc., the former defense division of ITT Corp.

The four companies moving up the list were Capital One Financial Corp., CarMax Inc., Dollar Tree Inc. and Advance Auto Parts Inc.

The two companies maintaining the same rank as last year were AES Corp. and Norfolk Southern Corp.

Twelve of the 22 companies showed an increase in revenue last year while the remaining 10 showed declines.

Here is a rundown of the Virginia companies on the list:

Freddie Mac, McLean, No. 32, down from No. 31, 2013 revenue of $81.2 billion, up 0.7 percent

General Dynamics, Falls Church, No. 99, down from No. 98, $31.2 billion, down 0.9 percent

Northrop Grumman, Falls Church, No. 122, down from No. 120, $24.7 billion, down 2.2 percent

Capital One Financial, McLean, No. 124, up from No. 127, $24.2 billion, up 1.7 percent

Altria Group, Richmond, No. 161, down from No. 159, $17.7 billion, up 0.9 percent

AES, Arlington, No. 174, down from No. 153, $16.6 billion, down 8.9 percent

Computer Sciences Corp. (CSC), Falls Church, No. 185, down from No. 176, $15.4 billion, down 3.1 percent

Dominion Resources, Richmond, No. 212, down from No. 210, $13.4 billion, up 2.1 percent

Smithfield Foods, Smithfield, No. 214, down from 213, $13.2 billion, up 1 percent

CarMax, Richmond, No. 240, up from No. 259, $11.5 billion, up 9.6 percent

Norfolk Southern, Norfolk, No. 247, unchanged, $11.2 billion, up 1.9 percent

Hilton Worldwide Holdings, McLean, No. 289, new listing, $9.7 billion, up 4.9 percent

Genworth Financial, Richmond, No. 291, down from No. 271, $9.6 billion, down 4.1 percent

Owens & Minor, Mechanicsville, No. 303, down from 297, $9 billion, up 1.8 percent

Dollar Tree, Chesapeake, No. 342, up from No. 346, $7.8 billion, up 6 percent

Huntington Ingalls Industries, Newport News, No. 382, down from No. 380, $6.8 billion, up 1.7 percent

Advanced Auto Parts, Roanoke, No. 402, up from No. 409, $6.5 billion, up 4.7 percent

Leidos Holdings, Reston, No. 442, down from 240 (as SAIC), $5.8 billion, down 48.5 percent

Booz Allen Hamilton, McLean, No. 443, down from No. 436, $5.8 billion, down 1.7 percent

MeadWestvaco, Richmond, No. 457, down from No. 448, $5.5 billion, down 0.9 percent

Gannett, McLean, No. 481, down from No. 467, $5.2 billion, down 3.6 percent

NII Holdings, Reston, No. 495, down from No. 421, $4.98 billion, down 18.2 percent

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